Prudential has a few potential share price catalysts on the way, Credit Suisse argues
It s unusual that a potential fundraising should be cited as a share price catalyst; Credit Suisse is on firmer ground with its assertion that the sale of Jackson National might prompt a reappraisal of the Pru
Prudential PLC (LON:PRU) remains in favour at Credit Suisse, with the Swiss bank seeing several share price catalysts coming over the horizon.
These catalysts include the demerger of Jackson National in the US, a potential fundraising of up to US$3bn of equity capital and a likely debt reduction of US$2.5bn.
Labor and Economic Opportunity
Michigan s Corporate Volunteer Partnership Network
The Corporate Volunteer Partnership Network (CVPN) is designed to maximize the collective impact of employee volunteerism and corporate social responsibility programs in Michigan.
Mission: Michigan s CVPN s seeks to
maximize the positive impact of private sector organizations throughout the state by leveraging their collective expertise to learn from, collaborate with, and mobilize around challenges, opportunities, and needs.
Approach: Provide
networking opportunities for members to share best practices and trends.
Collect and coordinate businesses across the state to facilitate collaboration to drive impact further, faster together. Provide best practices trainings and resources to businesses as they look to
Operator
Good afternoon, ladies and gentlemen, and welcome to Ebix s 2020 Financial Results Investor Call. [Operator Instructions]
I d now like to turn the conference over to your host, Mr. Darren Joseph, Corporate Vice President.
Darren Joseph
Corporate Vice President, Finance & Human Resources
Thank you. Welcome everyone to Ebix Incorporated s 2020 annual results earning conference call. Joining me to discuss the quarter is Ebix s Chairman, President and CEO, Robin Raina; President, Insurance Services, North America, Ash Sawhney; and Ebix EVP and CFO, Steve Hamil.
Following our remarks, we will open up the call for your questions.
Now, let me quickly cover the safe harbor. Some of the statements that we make today are forward-looking, including, among others, statements regarding Ebix s future investments, our long-term growth and innovation, the expected performance of our businesses and our use of cash. These statements involve a number of risks and uncertainties that m
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European and US markets had divergent fortunes yesterday, with US markets slipping back, while Europe finished the day higher. With Asian markets taking their cues from Europe’s positive session yesterday, these gains for Europe have continued this morning, ahead of what is going to be a key day for the UK economy, as the chancellor of the exchequer unveils his latest Budget.
The FTSE 100 and DAX appear to be leading the way in early trade, with the DAX posting a new record high, with consumer retail and travel leisure stocks helping to underpin the UK benchmarks. Leading the early gainers on the FTSE 100 are the likes of Premier Inn owner Whitbread, no doubt buoyed by the extension of furlough until September, at the same time as looking forward to the prospect of a decent summer of domestic bookings, along with the prospect that it will be a notable beneficiary of any extension to the help for business in this afternoon s Budget. Also higher are the likes of Holiday